Negotiable Instruments Act ,1881 with ai detail video ca foundation
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Загружено: 2026-02-06
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Negotiable Instruments Act ,1881 with ai detail video ca foundation
The Negotiable Instruments Act, 1881 (NI Act) is a foundational Indian law that defines and governs instruments like promissory notes, bills of exchange, and cheques, creating a legal framework for their transfer and ensuring smooth financial transactions. It standardizes rules for negotiability, enabling money to be passed easily and safely, with key provisions for liability, endorsement, dishonour (like cheque bounces under Section 138), and presentment for payment, though it's subject to Reserve Bank of India (RBI) rules,
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